Posts by "hedgie"

I know I said it's not worth arguing with an Imbecile like Asad but when I read the below paragraph I was in stitches....It confirmed my suspicion of him being a total fantasist

"Second, yes, when oil was heading towards 80, I, like ever, was calling it short...and even questioned (confused) Ashraf why oil was going up despite fundamentals being weak (& at least I firmly backed my analysis, unlike some who whore around w/ trends like a drunken monkey). I opened up a short position here (like many others on the Forum). Unsurprisingly, that proved to be as logical, as fruitful."


Asad did you actually read that before typing?? You backed your analysis??...Your more delusional than I thought. Your analysis of demand and supply...LOL...if you produced that rubbish in a real trading huddle you would be laughed out of the building. Also I liked how you so conveniently didn't mention the level you opened your short position...but it proved fruitful did it?? HAHAHAH....YOU were calling it short from 76 onwards, when it hit 81+ you would have been 500+pips down. You attack leverage so I presume you don't use it at all...So your extravagant winning claims are ringing hollow AGAIN!!!!
But hey I could be wrong and in that case Asad I suggest you send your CV sharpish over to Greg Coffey at Moore Capital as he always needs new traders for his macro fund...failing that Alan Howard over at Brevan Howard runs a great Macro fund...though word of warning they might not be too keen on running 500 pip losses on their trades. But I forget your an amazing gambler..oops I mean trader.

Asad

P.S. Anything not demand-driven must definitely be superfluous...

Gunjack,

You'll be surprised that demand/supply DOES and IS still playing a part. If not, then why is NG not following oil's direction?

It's pretty discouraging at times when everyone is saying that oil is bullish...and me alone...like an idiot is talking about fundamentals

So that is 3 different posts from you where you have only spoken about demand/BASIC FUNDAMENTALS....You never spoke about external monetary factors and when other posters mentioned it you brushed it off...HAHAHA!!!

Asad - You can justify your "investing" with any numbers you want but the fact of the matter is if the largest HF's/prop desks have to cut losing trades how can an individual outlast someone with greater financial muscle? You say your prudent and that's fair enough but then your winning trades will be tempered by your prudence...so your extravagant claims of last week seem a bit hollow...Can't have it both ways...brilliant risk mgt and amazing timing!!!

NZVik so true...you need V V deep pockets to win at that game. It's a strategy used by Global Macro funds and the majority of them eventually find themselves on the wrong side of the trade too often and for far too long. We shouldn't look at Soros and claim it a success as survivorship bias shades our view.

Are people on this forum still shorting Oil?? Funny how the persistant shorters go v quiet on up days...haha!!